Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2020

Fair Value Disclosures [Abstract]

Assets and Liabilities at Fair Value on Recurring Basis

The following tables set forth the Company’s financial assets and liabilities at fair value on a recurring basis as of March 31, 2020 and December 31, 2019 (in thousands):

	March 31, 2020
	Level 1			Level 2		Level 3		Total
Assets:
Money market funds	$	641,225		$	—	$	—	$	641,225
Other current assets		12,638			—		—		12,638
Total assets at fair value	$	653,863		$	—	$	—	$	653,863
Liabilities:
Other long-term liabilities		(12,638	)		—		—		(12,638	)
Total liabilities at fair value	$	(12,638	)	$	—	$	—	$	(12,638	)

	December 31, 2019
	Level 1			Level 2		Level 3		Total
Assets:
Money market funds	$	1,029,725			—		—	$	1,029,725
Other current assets		12,704			—		—		12,704
Total assets at fair value	$	1,042,429		$	—	$	—	$	1,042,429
Liabilities:
Other long-term liabilities		(12,704	)		—		—		(12,704	)
Total liabilities at fair value	$	(12,704	)	$	—	$	—	$	(12,704	)